British Columbia Jade Shines with an Investment from Beijing
Former Beijing banker Alan Qiao has put aside his desktop computer to spend his summers in Jade City in northern British Columbia mining for jade.
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Recently profiled in the South China Morning Post and the reality TV show, “Jade City,” Qiao and his prospecting partners plan to make the village of 35 into a jade production centre that exports to China. In Chinese tradition, jade is considered to bring good luck and good health.
The Beijing BC Jade Trading Centre Co. Ltd. has invested approximately $6 million in British Columbia’s jade production through Richmond-based Dease Lake Jade Mine Ltd. Dease Lake Jade is headed by Qiao, Xiao Dong Qu, Chang Qi Yuan, and Claudia Bunce.
The partners are also planning further investments to encourage the development of jade mines in northeastern British Columbia. Beijing BC Jade has expressed interest in bringing in other Chinese investors to consolidate the jade mining sector to meet the strong demand for the premium B.C. product.
British Columbia, which is rich in natural resources and has a long, successful mining history, supplies over 75% of the world’s nephrite jade.
International investors are turning to British Columbia for its expertise in mining and mine safety, with an eye on environmentally sustainable and socially responsible methods. British Columbia offers industry-wide and mining-specific incentive programs for corporations and individuals.
Contact the Ministry of International Trade to discover the benefits of British Columbia as a destination for investment, a partner for trade and innovation, and a source of quality goods, services, and resources around the world.